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purchase order

Every company must make a purchase. As your business grows, good documentation of those purchases will be even more important. You will need a way to track your purchase and protect your business legally if problems arise with the seller.

But even if you keep every purchase transaction, without the support of a reliable system, it can be a very inconvenient thing. This is why it is so important for you to start with a purchase order system.

What is a purchase order system?

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Depending on the type of business you run, the warehouse is at the heart of your business where business products and data flow through the day and night. Your business profits and customer satisfaction depend on how efficiently you can track the warehouse. If you fail to properly manage your warehouse, it will be very bad for your business. In fact, bad warehouse control has been the cause of business failures.

inventory control

However, the warehouse management still likes to be ruled out and businesses prefer to focus on the problems and business challenges that appear on daily operations. Almost all businesses have not yet adopted the technology on their business. Most of them still use manual workmanship using paper or spreadsheets to manage the warehouse.

Although everything looks fine, but would not it be better if you could streamline those jobs? If you’d like to be able to manage your warehouse more efficiently, follow these three steps: Read more

Errors in accounting can be a very consequential thing even for the smallest accounting errors. One single accounting error can result in the entire budget and spreadsheet in chaos. In fact, business history is filled with examples of minor problems that could potentially undermine business survival.

But fortunately, it can be prevented given that accounting comes from within and is the result of mistakes made by humans.

accounting errors

To reduce risk and isolate yourself against accounting errors, many companies are beginning to turn to ERP software. With a high degree of accuracy and many other features, ERP software offers benefits that will greatly impact business growth.

How ERP Software Can Help You?

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To be successful in today’s business world, you need to be flexible and have skills in a good planning and organizing. Unfortunately, many business owners are starting their business without any careful planning. As you may have known, to be successful in the business is not as easy as what they imagine. There is many risk involved. But you can avoid it all by taking advantage of the time you have to plan all the steps needed to achieve your success.

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Business process optimization is a methodology of business process management. This method believes in improving the company through improved processes. The process in question here is a series of actions or activities undertaken by a person or more that is done in order to achieve the ultimate goal of the company.

If all the company processes have been optimized and can run very well then all parts of the company will also share the results so that all your employees staff can work better.

proses bisnis

Optimizing business processes needs more effort and critical observations of the company’s operations so as to minimize the resources needed to complete various jobs.

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Although some business owners consider that warehouse inventory management is limited to managing inventory so you can quickly find the item in search, but in truth, warehouse management has more use than that.

inventory management

Good inventory management is not just managing the laying of goods, but more than that, inventory management is very useful for maximizing productivity while saving time and money in order to improve inventory accuracy.

Here are some tips on how to manage inventory and improve storage performance for your business. Read more

No matter what type of business you run on either nonprofit though, paying bills is a big part of doing business. If you can not pay your bills effectively, then chances are that your business will not work.

All businesses have bills to pay. For small businesses, their bills are usually handled by only a few staff members. But what about medium-scale businesses and higher?

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Regardless of the type of business or the size of the business you are managing, without good financial statements, it will only lead to failure. The process of financial recording is the most important and is the most critical activity that must be done by every business owner. Without it, you will never know the business condition until it’s all too late.

Bookkeeping – Fundamental knowledge in financial management

bookkeeping

Bookkeeping is a record-keeping activity of all financial transactions including purchases, sales, receipts and also payments and accruals for debts or receivables. Read more